Spring Lake, MN Foreclosures
How much do homes sell for in Spring Lake, MN?
The average home price is currently $285,908.
In Spring Lake, MN, how many homes are available?
There are currently 51 active home listings available in Spring Lake.
What’s the average rental cost in Spring Lake, MN?
The average rental price in Spring Lake is $1,344.
What is the most expensive home in Spring Lake?
The most expensive home sold in Spring Lake had a price of $958,116.
What is currently the cheapest priced home in Spring Lake, MN?
The cheapest home for sale in Spring Lake is priced at $23,117.
Living in Spring Lake, MN
Spring Lake, MN, is a quaint community offering a harmonious blend of lakeside living and suburban conveniences. Known for its friendly atmosphere, it caters to families and those seeking outdoor adventures. The area's excellent schools and proximity to the Twin Cities enhance its appeal for residents of all ages.
Current Market Conditions in Spring Lake, MN
The real estate market in Spring Lake is experiencing steady growth, with an increasing demand for homes due to its desirable location and community-oriented lifestyle. Home prices have seen a moderate appreciation over the past few years, making it an attractive investment for potential buyers.
In recent months, Spring Lake has witnessed a rise in new construction homes, as developers aim to meet the needs of a growing population. This influx of inventory is expected to provide more options for buyers looking for modern amenities and energy-efficient designs.
Home Value Estimator For Spring Lake, MN
There are currently 145 real estate properties
in Spring Lake, MN,
with a median automated valuation model (AVM) price
of $243,298.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spring Lake, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Spring Lake, MN,
is $285,908.00, with the most expensive house
in Spring Lake, MN, topping out
at $958,116.00 and the cheapest home
in Spring Lake, MN,
clocking in at $23,117.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spring Lake, MN!
Rent Prices
In Spring Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spring Lake, MN, is on
a rollercoaster ride. The
average rent price in Spring Lake, MN,
is $1,344.00. Indeed, when looking to rent in
Spring Lake, MN, you can expect to pay as little
as $600.00 or as much
as $2,250.00,
with the average rent median estimated to
be $1,320.00. The good news is that finding
an affordable and desirable property to rent in Spring Lake, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
